Peer Review

The North Carolina Office of the State Auditor (OSA) conducts audits in accordance with generally accepted auditing standards as prescribed by the American Institute of Certified Public Accountants, the United States General Accountability Office (YellowBook), or other professionally recognized accounting standards-setting bodies. As part of those standards, and pursuant to N.C.G.S. § 147‑64.11, OSA periodically receives a “peer review” that must be conducted in accordance with standards prescribed by the accounting profession. OSA complies with this requirement by participating in the National State Auditors Association External Peer Review Program which is administered by the National Association of State Auditors, Comptrollers and Treasurers.

An external peer review is an important element in the performance of quality audits. External peer reviews provide a unique opportunity for the maintenance and improvement of the quality of audit work performed as well as the confidence of the general public in the auditing profession. An external peer review enables OSA to obtain an independent assessment of whether or not its system of quality management is adequate to ensure compliance with Government Auditing Standards.

Copies of OSA’s peer reviews are available below.